Former Adelaide-based investment adviser Mark Taylor was sentenced on Friday to 18 months imprisonment for deceiving investors.
The South Australian District Court charged Taylor with over 63 charges relating to the 1998 collapse of Queensland investment scheme, Wattle Group.
The investment scheme lost $1.2 million worth of investors' funds.
Taylor, who is a principal of gold miner Golconda Resources, had originally been bailed to appear before the South Australian District Court in early 2002 following an investigation by ASIC.
He skipped the country, however, and a warrant was issued for his arrest.
Authorities eventually tracked him down to Malaysia in January. He was taken to Australia and remanded in custody
Wattle Group was an unlicensed investment scheme that raised more than $160 million from more than 2,700 investors across Australia until 1998.
It was run by Geoffrey Dexter who obtained unsecured loans from investors on the promise of high rates of return.
Dexter was convicted of multiple fraud charges and jailed for 10 years in May 2001.
Taylor's colleague Ian Snook, a fellow principal at Golconda Resources, was sentenced to two years imprisonment in October 2003.
Taylor, however, will not serve his sentence after he agreed to enter into a into a good behaviour bond for three years.
